SAN FRANCISCO, May 17, 2004 (PRIMEZONE) -- Mr. Duncan Kennedy, the Chief Executive Officer of Tribeworks, Inc. (OTCBB:TRWX), is pleased to announce the results of the Company's 2004 Annual General Meeting. Tribeworks shareholders were asked to vote on four proposals: a one-for-four reverse stock split, Election of Directors, Approval of the 2004 Tribeworks, Inc. Employee Stock Incentive Plan, and the Ratification of the Appointment of Auditors.
With respect to the approval of the one-for-four reverse stock split, the Company reports that this proposal has been approved with 70.39% voted in favor.
With respect to the election of Mr. Bob Davidorf, Mr. Patrick Soquet and Mr. Duncan Kennedy as Directors of Tribeworks, Inc., the Company reports that the nominees have been elected with 100% voted in favor.
With respect to the approval of the 2004 Tribeworks, Inc. Employee Stock Incentive Plan, the Company reports that this proposal has been approved, with 99.79% voted in favor.
With respect to the ratification of Tauber & Balser P.C. as the Company's auditors for the 2004 fiscal year, the Company reports that the choice of Tauber & Balser P.C. as the Company's auditors has been ratified with 100% voted in favor.
Mr. Duncan Kennedy, on behalf of the Board of Directors, would like to thank Tribeworks shareholders for voting 74.16% of outstanding shares and approving all four resolutions. If you have any questions or comments concerning the results of this meeting or other matters concerning Tribeworks, Inc. please contact Mr. Glenn Pogue at (415) 675-5524.
About Tribeworks Tribeworks, Inc. (OTCBB: TRWX) develops software for creating and delivering next-generation rich-media applications. Tribeworks is headquartered in San Francisco with a wholly owned subsidiary in Tokyo.